You can feel the panic slowly build in Silicon Valley: chests tightening as people vainly fight for breath, fearful glancing about, looking for a way out. Movers and shakers are trying to brace themselves for a crash of reality. Unfortunately, in the process they will create their own worst nightmares...
The Find: The economic news may be moving from bad to dreadful, but at least some folks don't have to worry; one recruitment company has identified the top five recession-proof jobs. The Source: A study from Washington, DC based recruitment company, Jobfox. The Takeaway:...
Auction site eBay and e-tailer Buy.com have a new partnership, according to the New York Times -- and a lot of angry users: Consumers appear to be tiring of online auctions, and rivals like Amazon.com are attracting more shoppers with fixed-price listings, while eBay has been struggling for growth....
International sales have been an important part of high tech sales for a long time. In its 2007 annual report, Microsoft noted that roughly 38.7 percent of its revenue came from overseas. HP's non-US net revenue is about twice that of the US. Just under 48 percent of Google's revenue...
That old Newsosaur is at it again, digging through the archeological ruins of the newspaper industry to unearth another one of those unwritten rules-of-thumb that are rapidly being rendered irrelevant by our evolving business models. Today's gem held that a newspaper should employ one journalist for every...
We know that mortgage giants Fannie Mae and Freddie Mac posted sharp declines today. And we are told -- though we don't really know -- that this drop pulled the financial sector and even the broader market lower as well. We are also told that the reason for Fannie...
By Anna Driver HOUSTON (Reuters) - Halliburton Co HAL said on Tuesday quarterly net earnings fell sharply from a year earlier, when it recorded a big gain from the separation of its KBR Inc KBR unit, but the company's operating profit met Wall...
By Kate Holton LONDON (Reuters UK) - Colt Telecom Group COLT said on Thursday it expected improved results for 2008 after posting a forecast-beating 12.7 percent rise in second-quarter core earnings, sending its shares higher. "After a strong first half, we expect to report improved ...
By Anna Driver HOUSTON (Reuters) - Weatherford International Ltd WFT, reported on Monday that second-quarter profit more than doubled on increased spending for oil and gas exploration, but still fell short of Wall Street expectations, sending shares down as much as...
With the departure of Bill Gates, it's tempting to call it the end of an era at Microsoft -- except it isn't. There is no real past at Microsoft. For all of its more and less successful forays into game consoles, PC games, the TV industry, online communities, advertising and...
By Anna Driver HOUSTON (Reuters) - Schlumberger Ltd SLB posted a better-than-expected jump in quarterly profit on Friday and the world's largest oilfield services company gave an upbeat outlook for energy companies' spending on oil and gas exploration that helped push...
Before talking to a payroll services provider, you will need to gather some important information about your current situation. This checklist will help you prepare. Some of the questions include: Does your company have the IT resources to support an in-house payroll solution? What kind...
By John Bowker LONDON (Reuters UK) - Budget airline easyJet warned on Thursday that the soaring cost of fuel could cut full year pretax profits 42 percent to 110 million pounds, and unveiled plans to cut capacity this winter. Analysts had been expecting a drop to...
Vivendi (EPA: VIV), the France-based media giant and parent of Universal Music Group, has reported its first half 2008 and Q208 earnings, and its revenues totaled $17.7 billion, compared to $16 billion for the first half 2007. For Q2, Vivendi's revenues totaled $9.4 billion compared to $8.15 billion a...
MUNICH (Reuters) - Two former top managers at Germany's Siemens have denied involvement in systematic bribery while at the company, prosecutors in Munich said on Wednesday. Last week Albrecht Schaefer, who was Siemens' anti-corruption manager from 2004-2006, said he repeatedly told ...
LONDON (Reuters UK) - Water company Severn Trent SVT is trading in line with expectations but estimates lower consumption by metered customers will cut its full-year revenue by 1 percent, or 12 million pounds to 14 million. Severn Trent also said on Tuesday gross capital expenditure...
By Sinead Carew NEW YORK (Reuters) - Broadcom Corp BRCM, which makes chips for mobile phones, network equipment and consumer electronics, said on Tuesday its quarterly profit and revenue beat expectations. But the company's shares fell almost 10 percent in late ...
By Joanne Morrison WASHINGTON (Reuters) - The trouble that began last summer in the financial markets raised the likelihood of a U.S. recession, but for America's middle class, the downturn has been under way for many years, experts plan to tell a ...
NEW YORK (Reuters) - Mobile phone chip and technology supplier Qualcomm Inc QCOM on Wednesday posted a profit for its fiscal third quarter and revenue rose amid increasing demand for phones with high-speed Web links. The company, which also announced a legal settlement...
LONDON (Reuters UK) - Publishing group Daily Mail & General Trust DMGOa said third-quarter revenue rose 5 percent on last year as growth in the group's business-to- business division offset weak advertising revenue. The group, which publishes the Daily Mail and Evening Standard newspapers, said...
